Sholom Minkowicz Acquires Church From THE CHURCH OF ST. MARK For $5M In Brooklyn
SOLD
$5,000,000
New York
See Similar DealsChurch5,160 SF
Sold 02/06/2025
SOLD
Sholom Minkowicz Acquires Church From THE CHURCH OF ST. MARK For $5M In Brooklyn
1337 President St
See Similar DealsChurch5,160 SF
Sold 02/06/2025
Summary
NEW YORK
Asset Type:Church
Price Per Square Foot:$969
Total Square Footage:5,160 SF
Lot Square Footage:9044 SF
Transaction Type:Sale
The asset involved in this transaction is a church located at 1337 President St in Brooklyn. The property sold for $5,000,000.00 and encompasses a total area of 5,160 square feet.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $5,000,000.00
- Address: 1337 President St
- Market: Brooklyn
- Square Footage: 5,160.0
- Buyer: Sholom Minkowicz
- Seller: THE CHURCH OF ST. MARK
- Brokers: Valerie Sebag
Sholom Minkowicz is the buyer in this transaction, acquiring the listed property from THE CHURCH OF ST. MARK, with Valerie Sebag acting as the broker representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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